![Blackhawe’s venture capitalist says, ‘Any catalyst can increase the explosion of bitcoins’](http://bitcoints.com/wp-content/uploads/2018/07/Blackhawe8217s-venture-capitalist-says-8216Any-catalyst-can-increase-the-explosion-of-bitcoins8217.jpg)
2018-7-26 09:09 |
Bitcoin has seen strong gains over the last week — trading at about $8,200 as of the earlier hours of Thursday.
But the largest digital currency by market cap still isn’t close to its December, 2017 high of $19,783.21.
“Any number of catalysts could send bitcoin exploding higher,” Spencer Bogart, a partner at Blockchain Capital, told CNBC on “Fast Money” Wednesday.
Those catalysts include global trade tensions, the possibility of a bitcoin ETF, rising currency rates and Mastercard’s recent announcement of a new patent that could allow bitcoin transactions on credit cards.
“Bitcoin is kind of a tinderbox right now, waiting for reasons to go higher,” said the venture capitalist.
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